Analysts Set Diageo plc (LON:DGE) Target Price at GBX 4,554.88

Diageo plc (LON:DGE) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 4,554.88.

A number of research firms recently commented on DGE. Jefferies Financial Group reaffirmed a “buy” rating and set a £222.30 price target on shares of Diageo in a research note on Friday, June 26th. UBS Group reissued a “neutral” rating and issued a GBX 1,600 price objective on shares of Diageo in a research report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,000 price objective on shares of Diageo in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,759 target price on shares of Diageo in a research report on Wednesday, June 24th.

Diageo Trading Up 0.8%

Shares of DGE stock opened at GBX 1,553.50 on Monday. Diageo has a 1 year low of GBX 1,295.50 and a 1 year high of GBX 2,142. The company has a debt-to-equity ratio of 208.59, a current ratio of 1.60 and a quick ratio of 0.62. The stock’s 50 day simple moving average is GBX 1,537.75 and its two-hundred day simple moving average is GBX 1,558.85. The company has a market cap of £34.54 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.31.

Insider Activity

In related news, insider John Rishton acquired 3,274 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of GBX 1,527 per share, for a total transaction of £49,993.98. Also, insider John Alexander Manzoni bought 441 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of GBX 1,488 per share, for a total transaction of £6,562.08. Insiders purchased a total of 4,606 shares of company stock worth $7,012,849 in the last ninety days. 0.16% of the stock is currently owned by insiders.

About Diageo

Diageo is a global leader in premium drinks, across spirits and beer, a business built on the principles and foundations laid by the giants of the industry.

With over 200 brands sold in 180 countries, our portfolio has remarkable breadth. From centuries-old names to exciting new entrants, and global giants to local legends, we’re building the very best brands out there, and with over 30,000 talented people based in over 135 countries, we’re a truly global company. With such diversity, we’re able to truly represent our broad consumer base and think differently about the future.

To maintain our position as leaders in the alcoholic beverage market, we always invest in the future and are mindful of the impact we have.